22 Jun 2020
OLDFIELD v OLDFIELD [2020] NZHC 1401
- Citation
- [2020] NZHC 1401
- Court
- High Court
No advisory trustee was appointed because the sole statutory trustee (Perpetual) demonstrated it has the requisite resources and continuity of personnel to perform trustee functions without undue cost; trust funds will pay the parties' outstanding legal costs as claimed ($310,516.39 and $108,463.25) but no equalisation or independence payments were ordered because there is no principled basis for equalisation and the DOFT's finances are uncertain, requiring preservation of capital; future legal costs to be assessed case-by-case and modification of the trust deed deferred until other matters r…